Housing Wire

JANUARY 19, 2024

Fannie Mae has a rosy outlook for mortgage rates. The government sponsored enterprise is projecting that rates will drop below 6% by the end of 2024, which in turn will boost refi volumes and help thaw the existing home sales market. The ESR group expects the annualized pace of existing home sales to move up to 4.5

Mortgages 541

Mortgages Fixed-rate mortgage Sales Equity 541

Housing Wire

FEBRUARY 3, 2022

Amid higher rates, lower volumes, and fiercer competition , Santander Bank decided it will stop originating residential mortgages and home equity loans in the United States. The decision will not impact the commercial mortgage business. Inside Mortgage Finance reported that Santander residential production totaled $2.7

Banks 441

Banks Mortgages Fixed-rate mortgage Equity 441

Housing Wire

SEPTEMBER 9, 2021

The average 30-year fixed-rate mortgage was stagnant at 2.88% for the week ending Sept. 9, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior , mortgage rates also held steady at 2.87%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.86%.

Fixed-rate mortgage 473

Fixed-rate mortgage Mortgages Equity Lending 473

Housing Wire

JANUARY 4, 2023

The last week of the calendar year is usually a slow time for the mortgage industry, but 2022 was something else. Mortgage applications decreased 13.2% That’s because costs for borrowers were higher, reflecting the mortgage market’s response to the Federal Reserve ‘s tightening monetary policy.

Mortgages 526

Mortgages Fixed-rate mortgage Loans Equity 526

Housing Wire

JANUARY 12, 2024

Nationwide, the share of homeowners with relatively low rates has fallen modestly from a record high of 92.8% homeowners with mortgages had an interest rate below 6%. To conduct this study , Redfin analyzed data from the Federal Housing Finance Agency ’s National Mortgage Database as of the third quarter of 2023.

Fixed-rate mortgage 470

Fixed-rate mortgage Mortgages Equity Finance 470

Housing Wire

FEBRUARY 15, 2024

Among homeowners who have a mortgage escrow account, only 52% fully understand how the account works, according to survey results released Thursday by property tax services provider LERETA. Federal Housing Administration (FHA) borrowers must pay mortgage insurance for the life of their loan regardless of equity levels.

Fixed-rate mortgage 482

Fixed-rate mortgage Equity Mortgages Loans 482

Housing Wire

SEPTEMBER 16, 2022

Rocket Mortgage and its wholesale arm Rocket Pro TPO will reduce homebuyers’ monthly mortgage payments by one full percentage point for the first year of their loan. Rocket Mortgage will be covering the difference in mortgage payments in the first 12 months through a special escrow account.

Mortgages 397

Mortgages Seller concession Fixed-rate mortgage Loans 397

Housing Wire

FEBRUARY 3, 2023

In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. HELOCs have continued to set the stage as flexible, helpful products that provide quick access to financing for a multitude of uses including home renovations, debt consolidations or emergency purchases.

Renovation 366

Renovation Fixed-rate mortgage Equity Finance 366

Housing Wire

JUNE 15, 2022

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. The way ARMs work is lenders offer lower mortgage rates for the initial three, five, seven years. The mortgage industry is different from 14 years ago.

Fixed-rate mortgage 357

Fixed-rate mortgage Mortgages Loans Loan Officer 357

Housing Wire

JANUARY 5, 2024

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. Back then, the FOMC lowered the rate to near zero, where it remained for several years.

Fixed-rate mortgage 435

Fixed-rate mortgage Agents Marketing Lending 435

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. Mortgage executives project that number to remain steady or even tick up in the third quarter.

Mortgages 393

Mortgages Equity Loans Seller concession 393

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The Federal Reserve recently signaled plans to slash interest rates three times in 2024, shifting toward the next phase in its monetary policymaking. “It There’s still going to be a lag.

Mortgages 449

Mortgages Loan Officer Loans Equity 449

Housing Wire

MAY 3, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash out refinances reaching $1.2 trillion in 2021. homeowners.

Equity 385

Equity Fixed-rate mortgage Principal Mortgages 385

Housing Wire

JUNE 1, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash-out refinances reaching $1.2 trillion in 2021. homeowners.

Equity 384

Equity Fixed-rate mortgage Principal Loans 384

Housing Wire

AUGUST 10, 2023

The grant funds can only be used toward the down payment on a Wells Fargo fixed-rate conventional loan secured by a property that will be the purchaser’s primary residence. Mortgage , and/or Closing Cost Credit. Wells Fargo’s mortgage originations reached $7.8

Fixed-rate mortgage 370

Fixed-rate mortgage Closing costs Lending Banks 370

Housing Wire

FEBRUARY 26, 2024

Reverse mortgage loan originators all seem to agree that 2024 is off to a better overall start in business than a tepid 2023 might suggest. EquityAvail was launched in early 2021 , and is a single, fixed-rate mortgage that is fully disbursed at closing with a maximum amount of up to $4 million.

Marketing 362

Marketing Fixed-rate mortgage Loans Mortgages 362

HomeLight

OCTOBER 30, 2023

If you have a second mortgage on your house and you’re thinking of selling, you probably have some concerns. According to FreddieMac, The 30-year fixed-rate mortgage is preferred by almost 90% of homebuyers due to its combination of affordability and flexibility, making it the top choice. What is a second mortgage?

Equity 103

Equity Loans Mortgages Fixed-rate mortgage 103

Housing Wire

OCTOBER 13, 2022

In the reflection, a mortgage executive sees faint images of the savings and loan crisis of the 1980s and 1990s. The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond.

Mortgages 361

Mortgages Marketing Banks Loans 361

Calculated Risk Real Estate

MARCH 18, 2024

It is some of the “want to sell” group that has been locked in with the golden handcuffs over the last couple of years, since it is financially difficult to move when your current mortgage rate is around 3%, and your new mortgage rate will be in the 6 1/2% to 7% range. Batzer Jonah R. Coste William M.

Fixed-rate mortgage 112

Fixed-rate mortgage Mortgages Equity Title 112

Housing Wire

AUGUST 7, 2023

Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. Independent mortgage bankers use lines of credit to fund all of their loans and therefore must sell them promptly on the secondary mortgage market.

Closing 352

Closing Fixed-rate mortgage Debt-to-income ratio Lending 352

Housing Wire

APRIL 22, 2021

A year after issuing its first Single-Family Green Mortgage Backed Security on Earth Day 2020, Fannie Mae has now completed 25 transactions for the program, totaling $167 million in bonds backed by mortgages on newly constructed, energy-efficient homes. but are well-established in Europe. Horton, Lennar Corp. and NVR Inc.

Fixed-rate mortgage 338

Fixed-rate mortgage Finance Investor Loans 338

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgages 522

Mortgages Marketing Lending Loans 522

Housing Wire

OCTOBER 16, 2023

And the grind may not end anytime soon, Mortgage Bankers Association President and CEO Bob Broeksmit told attendees in a fiery speech at the trade group’s annual conference this week in Philadelphia. on a standard 30-year fixed-rate mortgage. The Fed, for example, could buy mortgage-backed securities.

Fixed-rate mortgage 382

Fixed-rate mortgage Banks Lending Mortgages 382

Housing Wire

JUNE 6, 2022

Fintech lender Figure Technologies and multichannel originator Homebridge Financial Services last August announced a merger that they claimed would usher in monumental change to the mortgage industry. They will also work together to develop new products, such as a home equity line of credit (HELOC) and piggyback products. “We

Fixed-rate mortgage 390

Fixed-rate mortgage Lending Technology Loans 390

Realty Biz

SEPTEMBER 30, 2023

Mortgages with Low Credit Scores Mortgages with low credit scores can appear challenging, but there are options available. Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. Can you buy a house with bad credit?

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

Housing Wire

FEBRUARY 10, 2021

Freddie Mac appointed Pamela Perry as vice president of single-family equitable housing, and Amanda Nunnink as vice president of equity in multifamily housing. She previously advised on solutions for complex corporate finance transactions with firms such as JPMorgan Chase. Pamela Perry.

Fixed-rate mortgage 363

Fixed-rate mortgage Equity Investor Development 363

Housing Wire

JULY 26, 2023

While the markets have already “priced in” this rate hike, which was widely expected, most investors are already wondering what it would take for the central bank to lift rates again later this year. For the housing market, that likely means a few more months with mortgage rates above 6%.

Fixed-rate mortgage 369

Fixed-rate mortgage Investor Mortgages Banks 369

Keeping Current Matters

FEBRUARY 4, 2021

In today’s housing market, there are clear financial benefits to owning a home: increasing equity , the chance to build your net worth , and appreciating home values, just to name a few. Personal finance advisor Dave Ramsey explains : “Every payment brings you closer to owning the house. You Won’t Always Have a Monthly Housing Payment.

Fixed-rate mortgage 277

Fixed-rate mortgage Equity Finance Mortgages 277

HomeLight

DECEMBER 27, 2023

Speaking with a mortgage lender — or several — before you buy a home shows that you’re a serious consumer, but talking with one of these experts before you sell a house also has several benefits. That starts with determining what it will take to pay off your mortgage. Learn More 1.

Pre-approval 109

Pre-approval Mortgages Equity Principal 109

Housing Wire

DECEMBER 8, 2020

Mortgage lenders are preparing for the end of LIBOR , which is set to be phased out by the end of 2021. The most viable replacement is the Secured Overnight Financing Rate (SOFR) index, which has been recommended by the Alternative Reference Rates Committee (ARRC) and endorsed by the New York Federal Reserve.

Fixed-rate mortgage 342

Fixed-rate mortgage Loans Mortgages Equity 342

Housing Wire

AUGUST 29, 2022

In 2021, United Wholesale Mortgage (UWM) CEO Mat Ishbia set a three-year goal to make UWM the No. Ishbia, who started running his father’s mortgage firm in 2013 and has since grown it into the country’s No. 2 lender, isn’t satisfied with second place, behind Rocket Mortgage. “I 1 lender in the country.

Equity 409

Equity Loan Officer Loans Mortgages 409

Realty Biz

MARCH 30, 2023

Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief mortgage guide with the key information you need to know. Assess Your Finances As you might assume, a good place to begin is by assessing your finances. Let's take a closer look.

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

Marco Santarelli

MARCH 30, 2024

The decision to buy a house is a significant one, often influenced by a variety of economic factors, including interest rates. High interest rates can lead to higher monthly mortgage payments and overall borrowing costs, which may deter potential homebuyers.

Fixed-rate mortgage 111

Fixed-rate mortgage Finance Equity Mortgages 111

Redfin

DECEMBER 15, 2023

The resulting low rates sparked a surge in real estate transactions, with numerous homebuyers securing 30-year fixed-rate mortgages below 3%. If you’re a homeowner who locked in at a record-low mortgage rate, refinancing your mortgage now would be an impractical choice. What is a mortgage refinance?

Fixed-rate mortgage 62

Fixed-rate mortgage Mortgages Title search Equity 62

HomeLight

JANUARY 23, 2023

As a homeowner feeling financial pressure, you might consider refinancing your mortgage to get a lower rate or selling your home to cash out on the steep rise in home values over the last few years. The choice may be a difficult one, however, given recent interest rate hikes and historically high housing costs.

Mortgages 98

Mortgages Fixed-rate mortgage Equity Loans 98

Housing Wire

JANUARY 20, 2021

“We look forward to partnering on many of our common goals, including policies that will advance and expand the American Dream of homeownership, address housing affordability and accessibility and promote fair housing and racial equity.”.

Industrial 417

Industrial Fixed-rate mortgage Equity Construction 417

Marco Santarelli

JULY 29, 2022

Forecast: How High Will Mortgage Rates Go in 2022. Mortgage rates have risen since the start of 2022, reflecting investors' concerns that the economy is heating up and that the Fed will cool it down and reign in inflation. Bond yields and mortgage rates declined throughout these times.

Mortgages 111

Mortgages Fixed-rate mortgage Loans Investor 111